EDC 2014 SR (UPDATED)

EDC 2014 Performance Report
12. Property, Plant and Equipment
Land Power Plants
FCRS and
Production
Wells
Buildings,
Improvements
and Other
Structures
Exploration,
Machinery and
Equipment
2014
Transportation
Equipment
Furniture,
Fixtures and
Equipment
Laboratory
Equipment
Construction
in Progress Total
Cost
Balances at January 1 ₱515,353,046 ₱38,731,016,968 ₱25,467,012,393 ₱2,128,442,644 ₱5,441,021,744 ₱193,057,863 ₱1,101,387,317 ₱662,738,194 ₱16,291,440,381 ₱90,531,470,550
Additions 73,713,266 155,555,848 50,439,130 14,947,232 51,348,042 36,621,092 54,825,091 39,307,446 19,631,803,749 20,108,560,896
Disposals/retirements (Notes 20 and 26) – (1,277,159) – (1,300,549) (1,374,632,581) (10,320,460) (34,722,391) (1,265,142) – (1,423,518,282)
Reclassifications – 20,691,762,062 4,674,741,220 2,097,512,663 133,652,718 (67,823,358) 160,463,423 5,496,961 (27,884,625,684) (188,819,995)
Balances at December 31 589,066,312 59,577,057,719 30,192,192,743 4,239,601,990 4,251,389,923 151,535,137 1,281,953,440 706,277,459 8,038,618,446 109,027,693,169
Accumulated Depreciation, Amortization
and Impairment
Balances at January 1 17,627,581 11,895,257,449 8,476,733,491 617,184,722 2,412,546,361 69,185,062 511,330,385 291,595,936 – 24,291,460,987
Depreciation and amortization for the year – 2,586,834,136 980,605,092 164,044,180 69,312,578 19,796,161 124,141,646 73,723,742 245,034 4,018,702,569
Disposals/retirements (Note 26) – (271,047) – (1,300,536) (284,796,403) (8,189,342) (13,215,762) (1,225,191) – (308,998,281)
Reclassifications – (360,518,915) – 86,293,315 278,693,804 245,035 317,584 121,337 (245,034) 4,907,126
Reversal of previously impaired property, plant
and equipment – (2,051,903,642) – – – – – – – (2,051,903,642)
Balances at December 31 17,627,581 12,069,397,981 9,457,338,583 866,221,681 2,475,756,340 81,036,916 622,573,853 364,215,824 – 25,954,168,759
Net Book Value ₱571,438,731 ₱47,507,659,738 ₱20,734,854,160 ₱3,373,380,309 ₱1,775,633,583 ₱70,498,221 ₱659,379,587 ₱342,061,635 ₱8,038,618,446 ₱83,073,524,410
Land Power Plants
FCRS and
Production
Wells
Buildings,
Improvements
and Other
Structures
Exploration,
Machinery and
Equipment
2013
Transportation
Equipment
Furniture,
Fixtures and
Equipment
Laboratory
Equipment
Construction
in Progress Total
Cost
Balances at January 1 ₱515,587,728 ₱37,329,247,352 ₱22,545,392,364 ₱2,378,453,064 ₱3,938,188,809 ₱286,850,994 ₱629,797,360 ₱617,995,651 ₱13,168,080,990 ₱81,409,594,312
Additions – 149,652,902 133,924,564 47,343,279 195,718,071 16,408,565 63,402,914 34,683,517 10,606,540,847 11,247,674,659
Disposals/retirements (Note 26) – (672,748,540) – (13,625,188) (151,257,597) (26,134,412) (55,453,415) (15,308,799) – (934,527,951)
Reclassifications (234,682) 1,924,865,254 2,787,695,465 (283,728,511) 1,458,372,461 (84,067,284) 463,640,458 25,367,825 (7,483,181,456) (1,191,270,470)
Balances at December 31 515,353,046 38,731,016,968 25,467,012,393 2,128,442,644 5,441,021,744 193,057,863 1,101,387,317 662,738,194 16,291,440,381 90,531,470,550
Accumulated Depreciation, Amortization
and Impairment
Balances at January 1 17,255,629 9,864,027,894 7,123,326,992 516,196,390 1,876,398,510 96,393,978 426,269,376 218,642,240 590,863,997 20,729,375,006
Depreciation and amortization for the year – 2,136,698,413 650,990,367 105,228,014 530,856,403 15,386,426 110,751,071 58,536,459 – 3,608,447,153
Disposals/retirements (Note 26) – (167,347,957) – (5,141,356) (148,653,037) (5,478,882) (47,190,772) (10,286,418) – (384,098,422)
Reclassifications 371,952 61,879,099 702,416,132 901,674 153,944,485 (37,116,460) 21,500,710 24,703,655 (590,863,997) 337,737,250
Balances at December 31 17,627,581 11,895,257,449 8,476,733,491 617,184,722 2,412,546,361 69,185,062 511,330,385 291,595,936 – 24,291,460,987
Net Book Value ₱497,725,465 ₱26,835,759,519 ₱16,990,278,902 ₱1,511,257,922 ₱3,028,475,383 ₱123,872,801 ₱590,056,932 ₱371,142,258 ₱16,291,440,381 ₱66,240,009,563
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